Technological progress can improve economic development, but its role in the harvest of common resources has received little attention. We study the relationship between skill and the use of electronic and mechanical innovations in the productivity of Malaysian artisanal fishers. Surprisingly,...

Remittances to developing countries exceed $550 billion annually. Although many poor rural households that depend on these remittances also harvest local common-pool resources, few studies explore this relationship. We develop a dynamic model of a coastal fishing household with remittance...

The intermittency of payment for many goods creates a disconnect between paying and consuming such that the marginal price is not always salient when consumption decisions are made. This paper derives optimal dynamic corrective taxes when there are externalities as well as internalities from...

Previous analyses of relationships between crude oil and natural gas markets focused primarily on demand-side connections. We provide a model and empirical evidence of important supply-side connections. First, crude oil and natural gas production require common inputs: drilling rigs, well...

Nudges are becoming increasingly popular policy tools. Yet, distributional effects of nudges are largely unknown. We first design an economic laboratory experiment to examine the incidence of an opportunity cost reminder nudge (a salience nudge) designed to curb spending, while accounting for...

Resource-dependent households often seek to diversify their income sources, and the labor-leisure tradeoff in such cases has been widely studied. We complement and extend this literature in three ways. First, we allow remittances – the demand for financial assistance from working-age children...

We show that the percentage of people in a county without health insurance in 2005 is a strong and robust predictor of subsequent home value declines in that county during the housing crisis. Our preferred estimates indicate that a 10 percentage point increase in uninsured county residents in...